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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Thomas C (Hijacked) who wrote (30481)10/6/1998 7:46:00 PM
From: bobby beara  Respond to of 94695
 
TC, after today's failed rally, I'm starting to get very bearish.

Msft is below it's rising trendline from December.
Dell is on the same trendline.
Cisco has broken down.
Intel has been in confusion for over a year now.

A decisive break of MSFT or Dell and a close below 7400 could send a flood of selling as the buy and hold mantra goes bye bye.

I think the market has been in denial since AG's "irrational exhuberance" speech and now we all need to go to traders anonymous -g-

bb